The expanded state cabinet of the Eknath Shinde-Devendra Fadnavis government approved the escalated cost for the 33.5km underground Metro Line 3 project (Colaba to Seepz, Andheri). The original cost was estimated at Rs 23,136 crore which has now been revised to Rs 33,405 crore.
A presentation on the reasons for the cost escalation was made before the cabinet by Mumbai Metro Rail Corporation MD Ashwini Bhide.
Deputy chief minister Devendra Fadnavis said the proposal to approve the escalated cost was placed before the cabinet by CM Shinde. Satisfied with the explanation, the cabinet sanctioned the additional Rs 10, 269 crore.